Form 4: Infinera Director Lakkaraju Disposes of Shares Upon RSU Vesting

Director Roop Kalyan Lakkaraju disposed of 39,447 shares of Infinera Corp common stock on May 18, 2024, following the vesting of restricted stock units.

Summary

• On May 18, 2024, Roop Kalyan Lakkaraju, a director of Infinera Corp, disposed of 39,447 shares of common stock.
• The disposal occurred due to the vesting of restricted stock units (RSUs).
• Each RSU represents a contingent right to receive one share of Infinera's common stock.
• The RSUs vested on the earlier of the next annual meeting of stockholders or the one-year anniversary of the grant date (May 18, 2023), contingent upon Mr. Lakkaraju's continued service to the company.
• Following the transaction, Mr. Lakkaraju beneficially owns 87,676 shares of Infinera Corp.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and doesn't inherently indicate positive or negative sentiment. It's a neutral event.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation and subsequent disposal of shares by a director.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard part of executive compensation.

Key Dates